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On June 16, data from Coingecko showed that the current market value of the stablecoin BUSD has fallen to $4.34 billion, slightly lower than the market value of DAI at $4.387 billion. DAI is now the third largest stablecoin after USDC. In addition, the market value of BUSD has dropped by nearly 74% from the US$16.57 billion at the beginning of the year, and the market value of DAI has dropped by 13% from the US$5.06 billion at the beginning of the year.

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